Mitsui Oil Exploration Co. (MOECO) has recently announced that the operator and its partners have reached a final investment decision (FID) for Block B, an offshore gas field in Vietnam.
The project, which will require a total investment of US$740m to be brought online, will also involve the deployment of a pipeline that will link Block B to a gas-fired thermal power plant onshore.
With schedule setting production for late 2026, MOECO calculates the field's production capacity at 490 million cubic feet per day (mmcfpd).
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